Imex Services Co, offers its services to individuals desiring to improve their personal images. After the accounts

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Imex Services Co, offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted or March 31, the end of the fiscal year, the following balances were taken from the ledger of Imex Services Co.

Journalize the four entries required to close theaccounts.

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Financial and Managerial Accounting

ISBN: 978-0538480895

11th Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Oct 14, 2011 05:00 AM

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Imex Services Co, offers its services to individuals desiring to improve their personal images. After the accounts

Question:

Retained Eamings S300,000 Rent Expense 15,000 Supplies Expense 180,000 Miscellaneous Expense S40,000 Dividends 20,000 7,500 Fees Eamed

Step by Step Answer:

Mar 31 Fees Earned 180000 Income Summary 180000 31 Income ...View the full answer

Financial and Managerial Accounting

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